Daily Steem Price Update 9/12/2018
Good day Steemian welcome to today's Steem price update for 9/12/2018 I have been posting the Steem price update since almost the very beginning of Steemit.com many have came here to discuss the daily Steem prices and changes for just over 2 years now.
I also want to mention just incase your thinking something doesn't seem normal from the other regular Price update posts that the daily Steem price posts do slightly change from time to time.
But regardless of changes we will carry on as usual and by this I mean knowing the price of Steem as its important for your daily plan or strategy and honestly even if you are not planing to do anything with your Steem I still recommend checking out these updates and keeping an eye on the price, so without further ado lets take a look at today's Daily Steem Price Change for 9/12/2018
Should you be trading with Steem today..
So I mentioned yesterday Steem was building ground 👍 and getting steady which is a good sign if you want the price to go upwards, well today Steem was very steady if your a buyer it would of been very difficult to find any good times to buy... actually there wasn't really any good time to buy today I think, Steem was already at its cheapest. If we look at Bitcoin it was pretty much steady until around ⏰13.00 when it started upwaving from $3411 and by ⏰17.10 we saw Bitcoin at $3626. So that means that Steem as also gone up, we saw the first sign at ⏰11.45 but most of us only caught on by ⏰13.45, that's when Steem was actually going upwards. This whole movement was expected and as followed the previous pattern and so we could start seeing some more movement by tomorrow 👍 if it continues on from the same pattern as it also took about a day to see in which direction we were going. So we could still see Bitcoin going further down if it continues on the same path. For buyers its time to be very patient about making your next move and I know how difficult it is to sit and wait while the risks of missing out are so high now. But with these prices I welcome you into this survival mode era of Steemit.com, there was a staff reduction of %70 and a possible shutdown of the site. This was the news from Ned 12 days ago this happened because Bitcoin dropped drastically forcing Steem's own value to tank downward. There was a live get-together for discussing what would happen going forward. The conclusion is to survive by cutting down costs e.g the "api.steemit.com" functionalities will be moved to the hivemind service, to replicate the expected behaviour of BMIC but have it backed-up by RocksDB, among many other strategies. User Blocktrades had a solution for Steem INC but there was obviously costs to doing this I think it was like $250.000. Steem INC declined the offer and will do the job themselves 👍 no problem after all this is their baby. Now the really good news is with recent development Ned left a message saying we should be in a place where our survival through the bear market should be pretty much possible. We are suppose to have another meeting but due to Ned not feeling well the meeting as been postponed for another few days time.
Always do your own due diligence the above is only a opinion.
Source: picgifs.com
Other POSTS
-Steem Price-
https://steemit.com/steemit/@simonjay/daily-steem-price-update-30-11-2018
-Month 26 Of Steemit Monthly Reports-
https://steemit.com/steemit/@simonjay/month-26-steemit-monthly-report-20-11-2018
-Could French Fries Cure Baldness?-
https://steemit.com/food/@simonjay/fries-to-cure-baldness-17-8-2018
-What Does The Netcoins Victory Mean?-
https://steemit.com/steemit/@simonjay/the-netcoins-victory-effects-31-10-2018
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Thanks for posting the update
Thank you for the continued support @jkenny today Steem was very steady, a buyer would of found it very difficult to find any good time to buy.
Surviving through the bear market is good news. Thanks for the update @simonjay.
Well yes the possibility is very good news hopefully there will be no more nasty surprises @whatisnew.
ned has been a terrible leader since dan left. i hope he at least learned something from all this 😨
I will just say compared to other companies I have dealt with and in the crypto space especially I feel @ned as been a good leader yes things did go south when Dan left and yes mistakes have definitely been made but I feel @ned tries to put things right I have seen many people put ideas forward that were awful and I was so happy to see @ned not bend to these ideas which I think takes some thick skin to pull, I think being impatient and pushing him/Steem INC to do more is probably what got them in this mess in the first place @roundbeargames
Agreed to some extent :)
But i think it just means that most crypto startups have horrible leadership and we probably shouldnt stick to low standards.
Ned has pushed steem this far which is an accomplishment, but his stake is disproportionately large compared to his skills. Cant code / cant sell / and recently we found out cant manage.
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